Brisky Net Lease Brokers $3.6M Sale Of Retail Property In Portage, WI
2915 New Pinery Road
$3,600,000
Building Size
—
Asset Type
Retail
Closing
Jun 18, 2024
About this deal
AI
The retail property at 2915 New Pinery Road in Portage, WI, was sold for $3,600,000 on 06/18/2024. The property, a single-tenant, net-leased grocery asset occupied by Festival Foods, was part of a transaction brokered by Brian Brisky from Brisky Net Lease. The sale involved the transfer of ownership from one REIT to another.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,600,000
- Address: 2915 New Pinery Road
- Market: Portage, WI
- Broker: Brian Brisky - Brisky Net Lease
The transaction was facilitated by Brian Brisky of Brisky Net Lease, who represented the parties involved in the sale of the Festival Foods-occupied retail property. The transfer of ownership from one REIT to another underscores the strategic investment decisions made within the commercial real estate market in Portage, WI.
On the Map
$3,600,000
Retail
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Players
Portage Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93